Riley Exploration Permian Sells Dovetail Midstream for $111mln to Targa.

Riley Exploration Permian has entered into a purchase and sale agreement with Targa Northern Delaware to sell all membership interests in Dovetail Midstream, a subsidiary of Riley Permian, for an aggregate cash purchase price of approximately $111 million. The proceeds will be used to reduce borrowings on the company's credit facility and pay income taxes and transaction costs.